Traders Buy Union Pacific Corporation (UNP) on Weakness

Traders purchased shares of Union Pacific Corporation (NYSE:UNP) on weakness during trading hours on Tuesday. $103.43 million flowed into the stock on the tick-up and $61.68 million flowed out of the stock on the tick-down, for a money net flow of $41.75 million into the stock. Of all companies tracked, Union Pacific Corporation had the 11th highest net in-flow for the day. Union Pacific Corporation traded down ($0.98) for the day and closed at $101.98

Several research firms recently commented on UNP. BMO Capital Markets reiterated a “buy” rating and issued a $123.00 price target on shares of Union Pacific Corporation in a research note on Friday, August 11th. BidaskClub upgraded Union Pacific Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday. Wolfe Research cut Union Pacific Corporation from an “outperform” rating to a “market perform” rating in a research note on Monday, August 7th. Stifel Nicolaus boosted their price target on Union Pacific Corporation from $118.00 to $120.00 and gave the stock a “hold” rating in a research note on Friday. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $116.00 price target on shares of Union Pacific Corporation in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $112.21.

The stock’s 50-day moving average price is $105.52 and its 200 day moving average price is $107.56. The stock has a market capitalization of $83.16 billion, a PE ratio of 18.84 and a beta of 0.81.

Union Pacific Corporation (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. The business had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.19 billion. Union Pacific Corporation had a net margin of 21.79% and a return on equity of 22.70%. Union Pacific Corporation’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.17 earnings per share. On average, equities research analysts predict that Union Pacific Corporation will post $5.79 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be issued a $0.605 dividend. This represents a $2.42 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Tuesday, August 29th. Union Pacific Corporation’s dividend payout ratio is currently 43.84%.

In related news, EVP Cameron A. Scott sold 17,604 shares of the firm’s stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $107.60, for a total value of $1,894,190.40. Following the completion of the sale, the executive vice president now owns 95,470 shares of the company’s stock, valued at $10,272,572. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the company. Genesee Valley Trust Co. raised its stake in Union Pacific Corporation by 21.5% in the first quarter. Genesee Valley Trust Co. now owns 9,725 shares of the railroad operator’s stock worth $1,030,000 after buying an additional 1,724 shares in the last quarter. Eastern Bank raised its stake in Union Pacific Corporation by 1.2% in the first quarter. Eastern Bank now owns 13,580 shares of the railroad operator’s stock worth $1,438,000 after buying an additional 158 shares in the last quarter. Virtu Financial LLC acquired a new stake in Union Pacific Corporation during the first quarter worth approximately $268,000. Wetherby Asset Management Inc. raised its stake in Union Pacific Corporation by 1.7% in the first quarter. Wetherby Asset Management Inc. now owns 17,888 shares of the railroad operator’s stock worth $1,895,000 after buying an additional 302 shares in the last quarter. Finally, ING Groep NV raised its stake in Union Pacific Corporation by 225.6% in the first quarter. ING Groep NV now owns 41,594 shares of the railroad operator’s stock worth $4,406,000 after buying an additional 28,818 shares in the last quarter. 79.94% of the stock is owned by hedge funds and other institutional investors.

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About Union Pacific Corporation

Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.

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